| Business/Economy |
Why RBI should give up govt debt management -
Tamal Bandyopadhyay, Mint
A day ahead of the annual monetary policy of Reserve Bank of India (RBI), the yield on the 10-year benchmark government bond dropped to 7.68%, its lowest since July 2010. As was widely expected, the RBI on Friday cut its policy rate by a quarter percentage point but its hawkish stance pushed the bond yield up to 7.75%. |
RBI move may deal a blow to gold jewellery business -
Dinesh Unnikrishnan & Joel Rebello, Mint
The decision of the central bank to restrict banks to importing gold on a consignment basis only to meet the needs of exporters of gold jewellery will deal a blow to many domestic jewellers, especially small ones, as a majority of the imported gold is used to make ornaments for use in the local market. |
India’s most innovative retailers -
Sapna Agarwal, Mint
High interest rates, expensive rentals and a value-conscious consumer make retail a tough business in India. Add to this, diversity in consumer taste and preference across the length and breadth of the country, and establishing a pan-India presence can become challenging. On top of this, there are the current political and economic uncertainties and the slowing of consumer spending. |
Govt's hiring policy rotten, no fix in sight -
Aloke Tikku, Hindustan Times
Railway Board member Mahesh Kumar's arrest on charges of attempting to buy his next posting may have surprised many outside the government. Not in the top echelons of India's civil service that has often been a mute spectator to their colleagues pulling strings or paying up for lucrative or important assignments. |
IAF funds crunch to hit MMRCA deal -
Manu Pubby, Indian Express
The financial crunch that has led to one of the lowest hikes in defence expenditure in decades is set to hit modernisation hard with new statistics revealing that the Defence Ministry has set aside only a few million dollars for new purchases, putting the future of critical purchases like fighter aircraft in question. |
Whither Bengali enterprise? -
Harish Damodaran, Business Line
Bengalis are perceived as singularly unsuited for doing business. Although second to none as far as intellectual abilities or educational/professional attainments go, the bhadralok Brahmins, Vaidyas and Kayasthas are considered to be devoid of entrepreneurial drive. The ones straying into trade and industry are either those with not-so-honourable credentials or real gentlemen, who may have done better confining themselves to the less murky world of Rabindra Sangeet, Satyajit Ray, Karl Marx and football. |
Rangarajan panel's gas pricing formula in limbo -
Animesh Singh, Pioneer
The future of the ambitious recommendations by the C Rangarajan Committee on doubling of domestic gas prices seems to be heading towards uncertainty as amid opposition from the Power Ministry along with the Planning Commission, the Petroleum Ministry has now asked the recently formed Vijay Kelkar panel to review the pricing formula. |
150% toll collected from unfinished E-way -
Deepak Kumar Jha, Pioneer
In a major revelation that highlights the loot in the garb of toll collection, the concessionaire of Delhi-Gurgaon-Jaipur Expressway has already made a profit of Rs 1,000 crore even as sections of the 225-kilometre stretch remain incomplete. Since April 2009, the concessionaire has collected Rs 2,503 crore against the Total Project Cost (TPS) of Rs 1,650 crore. |
Foreign investors betting big on Indian consumers -
Dev Chatterjee & Reghu Balakrishnan, Business Standard
A series of in-bound investments in recent months highlights investors' rising preference of consumption-led Indian companies; they bet 1.2 billion Indians will spend more on food, travel and telephones. From Diageo and Unilever to GlaxoSmithKline, all multinational companies want a bigger slice of the Indian consumption story - fuelled by rising income and small families, say bankers. |
Why the India Story is intact -
C Rangarajan, Business Line
Investors move towards countries which grow at a respectable rate and which enjoy a reasonable economic and political stability. I would like to argue that despite low growth in the last two years, India’s growth potential remains intact. As I look ahead, 2013-14 may turn out to be better. We have estimated the growth rate for the year at 6.4 per cent, even though there are others who have estimated a slightly lower growth. |
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